Tax and Legal Archives - Exponent Philanthropy

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Topic: “Tax and Legal”

Is This Self-Dealing? Three Quick Questions To Ask

Self-dealing rules are sometimes confusing. In any event, a small foundation has to determine whether a potential transaction constitutes self-dealing. For this reason, we’ve come up with three straightforward questions that lean funders can apply to any situation. 1. Does the transaction involve a disqualified person? The Internal Revenue Service defines a disqualified person as one of... Read More

What the Law Requires When Making Grants

The law requires very little when making grants to most domestic public charities. Other than knowing a grantee’s tax status—your foundation has a great deal of flexibility. However, I regularly encounter funders, foundation staff and professional advisors who do not know this. What the Law Requires When Making Grants A few years ago, Project Streamline... Read More

Payout Requirements: Year-End Tips for Meeting Your Minimum

It’s December and your foundation wants to fulfill its payout requirement within the calendar year. What can you do? Tips for meeting your payout requirement: Ask your local community foundation, association of grantmakers, or giving circles for information about community needs and nonprofits they support. Consult with members of the faith community. Ask your government... Read More